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Marigold Co. reported the following items in the most recent year: Net income $44,500 Dividends paid 5,000 Increase in accounts receivable 9,500 Increase in accounts
Marigold Co. reported the following items in the most recent year: Net income $44,500 Dividends paid 5,000 Increase in accounts receivable 9,500 Increase in accounts payable 8,000 Purchase of equipment 9,000 Depreciation expense 5,000 Issue of notes payable for cash 18,500 Calculate net cash provided (used) by operating activities, the net change in cash during the year, and free cash fl paid related to the company's common shares and are treated as financing activities. Marigold uses the indirect m Statement of Cash Flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. 48000 $ 39000 Net cash provided by operating activities $ Net change in cash during the year Free cash flow $ 34000 13
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